innogy International Middle East pushes the Smart Living transformation

Refined strategy with focus on Smart Cities, Smart Energy and Smart Business

Dubai, 23. November 2017

His Excellency Saeed Mohammed Al Tayer, MD & CEO of the Dubai Electricity and Water Authority (DEWA) and Chairman of innogy IME, and Peter Terium, CEO of innogy SE have endorsed the new strategy for their Joint Venture company innogy International Middle East (innogy IME) during this
year’s 8th Dii Desert Energy Leadership Summit in Dubai.

“In adherence with the UAE National Innovation Strategy, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform the UAE into one of the most innovative countries in the world, and to support the Smart Dubai initiative of His Highness to make Dubai the happiest and smartest city on Earth, we have launched many promising programmes, initiatives and projects. We envisage the world of tomorrow as greener, smarter and more digital, with a high quality of life and happiness to achieve Smart Living. The utility of the future will not be the utility of the past, but instead will be an infrastructure and service provider for Smart Living. Our Joint Venture will play a major role in leading the Smart Living transformation in the Middle East and beyond,” explained His Excellency Saeed Mohammed Al Tayer, MD & CEO of DEWA and Chairman of innogy IME.

Peter Terium, CEO of innogy SE added: “DEWA is our long-term and trusted partner in the region. Dubai is known in the world as a progressive and ideal environment to develop and implement the latest innovation in the smart living space. The refinement of our strategy ensures our ability to be a front-runner of this transformation.”

“We aim to be a leader of the Smart Living transformation. Therefore, innogy IME will focus on Consulting & Ventures in the three pillars of Smart Living: Smart Cities, including e.g. Smart street furniture and autonomous driving, Smart Energy, including e.g. innovative solar solutions, energy management services as well as Smart Business, including e.g. Artificial Intelligence, Blockchain technology and robot process atomization,” said Pierre Samaties, Managing Partner & CEO of innogy International Middle East.

The Consulting business line, which already is well established in the Middle East, serves as an amplifier for market insights, client relationship and access to talent. As a trusted advisor of the Middle East Energy industry innogy IME has a strong track record of implementing important strategic projects, like the “Dubai Clean Energy Strategy 2050” as well as innovative projects for the regions digital and green economy. Next to Consulting the Venture business line will focus on company building, start-up investment and incubation and cooperation with innovative companies in the world.

The strategy endorsement meeting was made in the presence of His Excellency Saeed Mohammed Al Tayer, MD & CEO of the Dubai Electricity and Water Authority (DEWA) and Chairman of innogy IME, and Peter Terium, CEO of innogy SE, Waleed Salman (Vice-Chairman innogy IME, EVP Business Development & Excellence DEWA), Pierre Samaties, (CEO of innogy IME), Paul von Son (Country Chair MENAT innogy SE, Member of the Board of innogy IME) and Timur Gapurov (Director Portfolio Management, DEWA).